Infusion Of 1500 Crore Rupees In IREDA Approved

Please Subscribe and Get Daily Updates in Your Inbox!!!

Please Subscribe and Get Daily Update in Your Inbox

20 January 2022 Current Affairs:The Union Cabinet has approved a 1500 crore rupee investment in Indian Renewable Energy Development Agency Limited.


  • It will help create 10,200 jobs per year and reduce carbon emissions by 7.49 million tonnes. 
  • The IREDA played a significant role in renewable energy, with its portfolio increasing from 8,800 crores to 28,000 crores in the last six years.
  • The additional equity infusion will allow the mini-Ratna corporation under the new and renewable energy ministry to lend approximately 12,000 crores to the renewable energy sector, easing the sector’s debt requirement of roughly 3,500-4,000 megawatt (MW), the CCEA said after its session on January 19. 
  • The equity infusion will also increase the specialized non-banking finance agency’s net worth, which will aid it in obtaining additional financing and thus contribute more to the Government’s goals.
  •  IREDA is a Non-Banking Financial Institution that promotes, develops, and extends financial assistance to establish projects involving new and renewable energy sources.
  • IREDA was founded in 1987 with its headquarters in Delhi
  • The current chairperson of IREDA is Pradip Kumar Das

Leave a Reply

Your email address will not be published.